MRQ mrg metals limited

0.00%

0.4¢

Correction title should read acquisition. Cheers

First 2 Last

Share
Profile

Follow
11up

3,900 Posts.

18

13/04/18

14:24

Post #: 32439421
Share

Originally posted by 11up ↑

The recent MRQ acquisition of a number of mineral sands projects in Mozambique is a compelling
story and why inspecting 70 potential projects this was chosen.
The more research is garnered on these projects the more the choice will become apparent as a set of projects
second to none.
The Sofala project is a perfect case in point and the following information was obtained through personal
research.

" The Sofala Corridor projects host ore grade (+3% THM) width heavy mineral intersections in every drill hole completed within the area. The mineralisation begins at surface and extends to 90m below surface - characteristics rarely found in HMS deposits globally, resulting in zero stripping for mining. The ore is hosted by sand that is easily minable by conventional rubber-tyred machinery, or hydraulic mining being employed by Base Resources in Kenya. The mineral assemblage is dominantly ilmenite, with excellent rutile and zircon non-magnetic mineral credits, and is exactly the same mineral assemblage as the Chinese owned deposit to the north, as it is genetically part of the same mineralising system (Limpopo River and aeolian dune deposition) and mineral provenance.

The location of the Sofala projects is a competitive advantage, as it is close to the Chokwe-Maputo rail line, it's within 15km of the proposed new port at Chongoene, and it's within 70km of the Massingir hydroelectric power station - and a key economic issue with all bulk minerals is access to existing infrastructure. The Chinese have begun preparations to build a rail spur to the Chokwe-Maputo line, which bodes well for Sofala's projects. Bulk loading infrastructure already exists at Maputo port.
......

....Rio Tinto always wanted to get access to the Corridor area deposits. The areas around Corridor were never free at the time Rio was exploring (2000 - 2006), and by the time the areas became vacant in 2012, Rio Tinto had become persona non grata with the Mozambican govt due to its Riversdale coal adventure in Tete Province. Hence Rio is using Savannah Resources as its proxy to develop their HMS projects, and Savannah will only earn up to 49% equity."

Cheers

Expand

Correction title should read acquisition.

Cheers

MRQ Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights, Week 29: Dimerix licensing, lithium, & a Mesoblast milestone

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

NNL

Nordic Resources further extends gold potential at Kopsa North

PRU

Perseus pursues new growth opportunities at Yaoure gold mine

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

Expert Exchange: Gold's record run (and a look at key risks) with David Sokulsky

RRE

Right observes high-grade tungsten from Blue metallurgical sample

Dale Gillham: The smoking gun hidden in Australia's jobs data

KAO

High-grade copper & tungsten results strengthen Karibib opportunity

Australian resource exploration spending a 'mixed bag' on back of Middle East crisis

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.


Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $10.44M

Open	High	Low	Volume
0.4¢	0.4¢	0.4¢	75K

Buyers (Bids)

Vol.	Price($)
30102848	0.3¢

Sellers (Offers)

Price($)	Vol.
0.4¢	11491672

Last trade - 08.43am 17/07/2026 (20 minute delay)

MRQ (ASX) Chart

Correction title should read acquisition. Cheers

HotCopper Highlights, Week 29: Dimerix licensing, lithium, & a Mesoblast milestone

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Nordic Resources further extends gold potential at Kopsa North

Perseus pursues new growth opportunities at Yaoure gold mine

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

Expert Exchange: Gold's record run (and a look at key risks) with David Sokulsky

Right observes high-grade tungsten from Blue metallurgical sample

Dale Gillham: The smoking gun hidden in Australia's jobs data

High-grade copper & tungsten results strengthen Karibib opportunity

Australian resource exploration spending a 'mixed bag' on back of Middle East crisis

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Correction title should read acquisition. Cheers

Top Stories

HotCopper Highlights, Week 29: Dimerix licensing, lithium, & a Mesoblast milestone

LISTEN: HotCopper's Penny Drop Podcast #1 – Uranium deals, PFS misses, & an Ebola opportunity

Nordic Resources further extends gold potential at Kopsa North

Perseus pursues new growth opportunities at Yaoure gold mine

LISTEN: HotCopper Wire Podcast #052 – A big, juicy gold megamerger

Expert Exchange: Gold's record run (and a look at key risks) with David Sokulsky

Right observes high-grade tungsten from Blue metallurgical sample

Dale Gillham: The smoking gun hidden in Australia's jobs data

High-grade copper & tungsten results strengthen Karibib opportunity

Australian resource exploration spending a 'mixed bag' on back of Middle East crisis

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News